Stock to Watch: Infosys shares in focus after company raises FY25 guidance
IT services company Infosys will be in focus after the company announced its second quarter results, where it posted a 5% growth in net profit and revenues.
The Bengaluru-based tech major has also raised its guidance upwards to 3.75-4% for the current fiscal year.
The company reported strong revenue growth up 3.1% quarter-on-quarter in constant currency in line with analysts estimates. EBIT margin was flat at 21.1%, showing a marginal decline of 0.1% year-on-year.
Operating margins for the quarter were driven by continued benefits from value-based pricing and utilization despite higher employee payouts.
The growth during the quarter was broad-based with good momentum in financial services. Large deal TCV for the quarter stood at $2.4 billion, which is down 41% quarte-on-quarter.
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